The stability of money demand function is an important issue in macroeconomic policy implementation. Money demand of Korean economy was estimated. Cointegration test with time dummy variables results show that there i...The stability of money demand function is an important issue in macroeconomic policy implementation. Money demand of Korean economy was estimated. Cointegration test with time dummy variables results show that there is not only long-run equilibrium relationship between money demand and macroeconomic variables, but also structural breaks in this equilibrium relationships. Least squares, state-space, and Marcov switching methods show that there also has been instability （or regime shifts） of parameters in money demand, especially over 1997 crisis and the early 2000s. This fact implies that monetary policy for stabilization might encounter big problems due to change （instability） of money demand.展开更多
Poland is characterized by a high relations, existing in the past, low level of overpopulation. Concentration of agricultural share of agricultural land in total surface. economic development, compared to the land is ...Poland is characterized by a high relations, existing in the past, low level of overpopulation. Concentration of agricultural share of agricultural land in total surface. economic development, compared to the land is observed on areas with fertile soils This is the effect of the socio-economic countries of Western Europe, and rural and in the less industrialized central and eastern parts of the country. The lowest shares of agricultural land are observed on areas featuring natural conditions disadvantageous for farming, the highly forested North-Western Poland, and the areas characterized by high degree of industrialization and urbanization. The contemporary ownership structure in Poland is the effect of historical transformations of the social, economic and political relations. The pattern of the ownership structure developed over the centuries, and it is the resultant of the diverse socio-economic processes.展开更多
文摘The stability of money demand function is an important issue in macroeconomic policy implementation. Money demand of Korean economy was estimated. Cointegration test with time dummy variables results show that there is not only long-run equilibrium relationship between money demand and macroeconomic variables, but also structural breaks in this equilibrium relationships. Least squares, state-space, and Marcov switching methods show that there also has been instability （or regime shifts） of parameters in money demand, especially over 1997 crisis and the early 2000s. This fact implies that monetary policy for stabilization might encounter big problems due to change （instability） of money demand.
文摘Poland is characterized by a high relations, existing in the past, low level of overpopulation. Concentration of agricultural share of agricultural land in total surface. economic development, compared to the land is observed on areas with fertile soils This is the effect of the socio-economic countries of Western Europe, and rural and in the less industrialized central and eastern parts of the country. The lowest shares of agricultural land are observed on areas featuring natural conditions disadvantageous for farming, the highly forested North-Western Poland, and the areas characterized by high degree of industrialization and urbanization. The contemporary ownership structure in Poland is the effect of historical transformations of the social, economic and political relations. The pattern of the ownership structure developed over the centuries, and it is the resultant of the diverse socio-economic processes.
